Search For "tax rate"
Domestic corporate tax rate slashed to 22 pc, 15 pc for new manufacturing
Updated : 6 years, 8 months ago IST
Panaji (Goa) [India], Sep 20 (ANI): Bringing in tax cuts and fiscal reliefs through an ordinance, the government on Friday slashed domestic corporate tax to an effective 25.17 per cent, inclusive of all surcharges and cess, in a bid to promote growth and investments amid economic slowdown
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Effective corporate tax rate after surcharge to be 25.17 pc: Sitharaman
Updated : 6 years, 8 months ago IST
Panaji (Goa) [India], Sept 20 (ANI): To promote growth and investments in the country, Union Finance Minister Nirmala Sitharaman on Friday announced to slash the corporate tax rates for domestic companies and stated that a new provision has been inserted in the Income Tax Act with effect
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Majority of states not agreeing to bring down GST rates on auto industry:
Updated : 6 years, 8 months ago IST
Bengaluru (Karnataka) [India], Sept 14 (ANI): Majority of states are not ready to bring down the tax rates on automobile sector from 28 to 18 per cent, said Chairman of the Empowered Committee of state finance ministers for the implementation of Goods and Service Tax (GST), Sushil Kumar Modi
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Panagariya disapproves Budget proposal to tax super-rich, bats for wealth
Updated : 6 years, 10 months ago IST
New Delhi [India], July 16 (ANI): Former Vice Chairman of Niti Aayog Arvind Panagariya on Tuesday said that India must encourage wealth creation by lowering income tax rates and surcharge if it aspires to become a five trillion dollar economy in the next five years.
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High-end income group people need to pay 3 pc to 7 pc more annually
Updated : 6 years, 11 months ago IST
New Delhi [India], July 5 (ANI): The people in the high-income group will have to pay more taxes as Finance Minister Nirmala Sitharaman on Friday said that "tax rates for individuals having taxable income from Rs 2 crore to Rs 5 crore and Rs 5 crore and above would be increased by around 3 p
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GST reforms to boost realty demand: Developers
Updated : 7 years, 3 months ago IST
Gurugram (Haryana) [India] Feb 28 (ANI): To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax rates for under-construction flats to five percent and affordable homes to one percent, effective from April 1, 2019. Currently, the GST is levied
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Reduced tax rate for real estate sector to bolster consumer sentiments: IC
Updated : 7 years, 3 months ago IST
New Delhi [India], Feb 26 (ANI): Credit rating agency ICRA said on Tuesday that lower GST rates for under-construction residential properties are expected to improve customer sentiment but removal of input tax credit may create short term disruption in sales and collections from ongoing p
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National Real Estate Development Council lauds GST rate cut
Updated : 7 years, 3 months ago IST
New Delhi [India], Feb 24 (ANI): National Real Estate Development Council lauded the Goods and Services Tax rate cut on real estate announced on Sunday.
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Karnataka: Tax rates on petrol and diesel revised
Updated : 7 years, 4 months ago IST
Bengaluru (Karnataka) [India], Jan 4 (ANI): Karnataka Government announced that tax rates on petrol and diesel have been revised to 32 per cent and 21 per cent respectively.
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PM Modi bypassed the GST council: Andhra Pradesh minister
Updated : 7 years, 5 months ago IST
New Delhi (India), Dec 22 (ANI): Yanamala Ramakrishnudu, Minister of Finance and Planning, Commercial Taxes and Legislative Affairs in Andhra Pradesh government said that the announcement made by Prime Minister Narendra Modi that the tax rates of 99 percent of the items would be brought to
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Centre exempts tax for interest income on select off-shore rupee denominat
Updated : 7 years, 8 months ago IST
New Delhi [India], Sep 17 (ANI): The union government on Monday announced that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect to rupee denominated bonds issued outside India before July 1, 2020, would be liable for a conce
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Corporate tax may be cut if personal income tax grows: Adhia
Updated : 8 years, 3 months ago IST
New Delhi [India], Feb 5 (ANI): Finance Secretary Hasmukh Adhia on Monday said that the Government will bring down its corporate income tax rate, once they witness a surge in the personal income tax collections.
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